MarketWatch featured and article titled “Choose fund managers who stay ahead of the curve,” in which the editor of the No-Load Fund Investor newsletter (Mark Salzinger) states that you should avoid managers who believe “the market is wrong and they are right.” Here’s a snippet: In a radio interview, Salzinger defined that type of manager as one who is unwilling …
Bucking The Trend
One way to evaluate if an ETF or mutual fund still has long-term upward momentum is to look at the %M/A column in my weekly StatSheet, which simply shows if a fund is above or below its trend line and by what percentage. Many once hot sectors like energy and commodities, along with most country funds, have dropped severely and …
No Load Fund/ETF Tracker updated through 7/31/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpAnother wild ride of the major indexes accomplished nothing but excitement. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -2.61% thereby confirming the current bear market trend. The international index now remains -9.06% below its own trend line, keeping us on the sidelines. For …
Getting To Know Ratchets
You’ve probably been wondering how capital impaired firms such as Merrill Lynch, WaMu, Citigroup and others can continue to scour the globe in need of fresh capital to shore up their deteriorating balance sheets. The key to attracting new money is a so called “ratchet provision,” which reduces the risk for the party investing the funds. Mish at Global Economic …
Media Garbage
Over 5 years ago, I wrote the article “Your Worst Enemy to Successful Investing—the Media,” the content which is still true today. Al Thomas, author of “If It Doesn’t Go Up, Don’t Buy It!” recently expanded on my thoughts by describing the role of the media as follows: Every day investors are bombarded with financial news on TV, newspapers and …
A Black Diamond Slope
To me, yesterday’s market activity, as reflected by the chart from MarketWatch, resembled a black diamond ski slope, which I always tried to avoid during my skiing years just as I now try to stay away by not being an active participant on the long side when the bears rule. The major indexes had to endure a double punch caused …